Indian soyabean, soyaoil fall on profit-taking

07 Aug, 2016

Indian soyabean and soyaoil futures dropped on Thursday as traders booked profits, while higher planting of the summer-sown oilseed also weighed on sentiment. The October soyabean contract on the National Commodity & Derivatives Exchange fell 0.5 percent to 3,630 rupees per 100 kg. The September rapeseed contract edged up 0.2 percent to 4,931 rupees per 100 kg.
Gains remained capped on lower buying due to higher prices of the oilseed at a time of tight supplies. September soyaoil futures were trading 0.2 percent down at 641.60 rupees per 10 kg at 1151 GMT.

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